Morgan Stanley Capital International's quarterly rejig of global stock indices later this week is not expected to trigger huge market moves as the main review will be in May, analysts said on Monday.
MSCI will announce quarterly changes to its widely tracked indices after the close on February 13.
"I would say it will be very similar to what happened in the November quarterly review, and at that time index turnover was pretty minimal," said Hon Wai Lai, an index analyst at Credit Suisse First Boston investment bank.
The review affects the Standard and Small Cap Index Series, the Global Value and Growth Index Series, and the Pan-Euro and Euro Indices.
The changes will be effective as of the close on February 28.
Analysts expect minor tweaking of free-float weightings in index components to reflect changes in shareholdings over the past three months.
"It should be a very dull quarterly review, and I would expect very minor reviews to do with free-float," said Deutsche Bank's Nizam Hamid.
Free-float refers to the number of shares in a company freely available for an investor to buy and not closely held by founding families or governments.
Analysts said MSCI made clear last year that major changes to indices would in future be largely kept for its annual indices review each May.
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